Best Online Savings Accounts with High Interest of 2015

Online savings accounts are one of the best places to stash your cash. Also called high yield savings accounts, you earn some of the highest available interest rates for a savings account, and you get the convenience of online account management and easy transfers to and from your existing bank accounts. Recently, a reader e-mailed me asking where to find the best online cash accounts. So here is my list of some of the top paying online savings account offers.

Online Savings Account Details

Because of their convenience, security and favorable interest rates, online savings accounts are perfect for emergency funds or other short term savings. Interest rates on these savings accounts do change, and here are some of the highest yield account offers to make the most of your money.

Capital One 360 is the bank my whole family uses. Both of my teenage children have Money accounts, and my wife and I have checking and savings accounts. The interest rates are extremely competitive, there are virtually no fees, and the website is extremely easy to use. In addition, I use the Capital One 360 iPhone app to check balances, make transfers, and deposit checks.

FNBO Direct, better known as First National Bank of Omaha offers online savings accounts, CD's and fee free bill pay for all it's customers. This is the bank that I personally use and even though the APY isn't the best on on this list, the online interface and customer service is top notch. FNBO Direct is an excellent choice

EverBank is one of the best online savings account options for one very simple reason--it promises to offer interest rates in the top 5%. Called a Yield Pledge, EverBank guarantees that your rate will always be in the top 5% of competitive accounts offered by leading banks. Finally, EverBank just recently redesigned its entire website.

Savings Account Alternatives

If you are looking for higher returns, LendingClub may be the answer. LendingClub is a social lending site where you can invest in loans issued to individuals and businesses. The current average return is above 9%, and some loans carry interest rates as high as 20%. While these investments are not FDIC insured, given the low interest rates paid by banks, LendingClub may be a great alternative. Visit www.LendingClub.com for more information.

Rob founded the Dough Roller in 2007. A litigation attorney in the securities industry, he lives in Northern Virginia with his wife, their two teenagers, and the family mascot, a shih tzu named Sophie.

Comments

GLsays:

August 27, 2008 at 11:41 pm

So 3.75% is the best deal online right now?.. I’m fairly certain that even Treasury bonds can provide a higher return than that.

It would be interesting to find out a comparison between the yields of the savings accounts now versus a year or two ago. I seem to remember that ING and others were at 4.5-5% in 2006, but I could be mistaken.

Hi – great list of online savings accounts – but there are more! I work with ShoreBank that has a competitive online savings account at 3.5% interest. Some more details: $1 minimum, no monthly fees, online and phone customer service. If you are interested in promoting good causes – ShoreBank is a great option. ShoreBank has a bottom line mission to invest in socially and environmentally (and sometimes both at once) responsible projects and businesses – so a good rate, a great cause.

The TOP High Yield Online saving bank is and has been over a year is South Shore bank. Until very recently offrerd 2.1 % rate and just now dropped to 1.90% !
Why is this bank NOT reported is a mystery to me……
I do have an account there for last six months and surprised no one comes close to this bank!!

i am an invester over seas and i can get up to 10% APR per year in some banks tax free from the origen .so you tell me how this compares to your rates .for example i get $95.00 us dollares for each $10000.00 dollares per month .now can any one beat that ?

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